Flat trades

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Flat trades

A bond in default trades flat; that is, the price quoted covers both principal and unpaid accrued interest. Any security that trades without accrued interest or at a price that includes accrued interest is said to trade flat.

Flat Trades

1. Securities that do not trade with accrued interest included in the price. For example, most American exchanges trade bonds without including interest. See also: Clean price.

2. Securities, especially bonds, that normally trade with accrued interest but are not because of a significant problem. Normally, a bond flat trades when it is in default.
References in periodicals archive ?
The banks and financial services sector saw almost flat trade volume at 13.
The massive order book and the relatively flat trade growth outlook suggest that capacity growth will continue to outstrip cargo growth.
htm) Prices witnessed flat trade a week ago , after the release of US labour market data.
Muscat : The MSM 30 Index witnessed a spike trailing back the continuous positive trend since last week despite a flat trade on Monday.
We'll have to wait and see, but ebooks have energized traditionally flat trade book sales.
2bn in FY11 (+26% YoY), a flat trade deficit of US$15.
Hong Kong shares broke out of early flat trade, with the Hang Seng Index rising 0.
Economists said the monthly figure was slightly better than expected but a cause for concern lay in flat trade with EU countries.
Economists contrasted flat trade with EU countries in March with lively exchanges with other countries, where British exports rose by 3.
Economists said the monthly figure was better than expected but a cause for concern lay in flat trade with EU countries.
Brokerage revenues were roughly equivalent to last year resulting from flat trades per day in our back office processing business and lower demand for research and other print services in our Investor Communication business.